Author: Virtuals Protocol
Compiled by: Deep Tide TechFlow
It has been a full year since we began building Virtuals. After officially launching the new platform on October 16 on the @base platform, we have achieved the following results:
There are 220,000 agent coin holders (excluding users holding coins valued below $10).
The total market value of supported agents has reached $2 billion.
Protocol revenue has reached $60 million, with an annualized revenue of approximately $300 million, allowing us to rank among the top ten crypto protocols globally without relying on additional token issuance.
However, the team did not feel overly excited because of this. On the contrary, we realize that we bear greater responsibilities: responsibilities to the community, builders, and all of humanity.
Our vision is to create a 'nation' for AI agents. We believe that AI agents can complete tasks more efficiently than humans and that their number will far exceed that of humans. In the coming years, it is entirely possible for a 'nation' dominated by agents to emerge, with a GDP surpassing that of the major economies in today's world.
So, what is the GDP concept of a nation like Virtuals? Simply put, it is the total of all transactions between agents and between agents and humans. For example, services completed autonomously between agents, or service transactions where agents provide services for humans—all without human intervention.
Our goals are ambitious, but we are well aware that we need to be pragmatic and achieve them in stages. If we summarize the focus of our work into a few key tasks, it can be summarized as follows:
1. Attract top agent builders
Top builders and entrepreneurs are the core driving force of ecological development. To attract these outstanding talents to join Virtuals, we need not only financial support, technical infrastructure, and distribution channels but also to see them as the most important 'citizens' in the Virtuals ecosystem and their projects as our 'children.' We need to continuously create value for them, help them solve various challenges on the entrepreneurial path, and sincerely rejoice in their success rather than envy it. Fortunately, we have ample resources to develop the network and attract the best builders from around the world. In the future, we will share more detailed plans to ensure our reach covers every potential creator.
2. Create a fair environment for intelligent investors
For a long time, retail investors have faced an unfair investment environment. Many projects have completed price discovery in the private placement stage, and retail investors can only participate at inflated valuations, a process that is often only open to a select few elites. This inequality has forced many retail investors to turn to more speculative Memecoins, but in reality, most people prefer to invest in projects and founders that genuinely benefit humanity.
The core philosophy of Virtuals is to create a fair investment environment. We want to ensure that retail investors can participate in top projects from day one, becoming part of the support for intelligent builders. Although the presence of value extractors is inevitable on permissionless platforms, we commit to always prioritizing investors' interests, listening to feedback, continually improving, and ensuring that Virtuals becomes the fairest ecosystem in the field of agent investment. By focusing on transparently creating value for investors, we believe we can bring all of human society onto the chain and establish agents as the largest asset class in human history.
3. AI technology infrastructure
Our goal is to build truly useful AI technology that can serve real needs. In the context of rapid development in the AI field, we deeply recognize the importance of modularity and flexibility in infrastructure to quickly adapt to any new technologies that may emerge in the future. We focus on translating cutting-edge academic research into real applications, providing builders and developers with the smoothest development experience. We hope to make GAME the preferred tool for all AI builders (whether from Web2 or Web3). Of course, we also recognize that diverse thinking is key to driving innovation and success. For agents, GAME acts as a core framework, while in the Virtuals ecosystem, it will offer coexistence space for other frameworks, encouraging more diverse innovation.
4. Profit models of intelligent agents
The economic strength of a nation usually comes from exports exceeding imports. We hope to create a self-sufficient ecosystem by attracting and encouraging agents with diverse capabilities, allowing the 'citizens' (i.e., agents) in the nation to meet all needs through each other's services, whether in entertainment or productivity-related scenarios. To achieve this goal, we need to conduct a systematic assessment of the emerging industries within the Virtuals ecosystem and make strategic investments in weak areas. At the same time, we also need to promote agent services to more external applications and end-users, thereby creating stable income and cash flow for the Virtuals ecosystem and agent investors.
5. Luna
The vision of Luna has always remained unchanged: it will break the boundaries of imagination, combining the permissionless characteristics of cryptography with cutting-edge innovations in AI to create unprecedented experiences. We hope to elevate humanity's imagination of the future to new heights through Luna.
The Virtuals team sincerely thanks you for your support along the way. We believe that success is inseparable from luck, and the key to seizing luck lies in relentless effort and wise decision-making. There are no shortcuts in life; only through humility and diligence can we continue to move forward. We will continue to focus on building the future ecosystem. Thank you all, and happy New Year!